Rental market snapshot for VCU, Richmond

VCU rental market summary

The rental market in VCU, Virginia is showing signs of growth. In July 2023, there were 26 new listings, indicating that more people are looking for rental properties in the area. The median rent for the month of July 2023 was $1,450, the same as the median rent for the month of June 2023. This suggests that the rental market in VCU is stable and that prices are not fluctuating significantly. However, when compared to the median rent for July 2022, there has been an increase of 16%. This indicates that the rental market in VCU is becoming more expensive and that demand for rental properties is increasing.

Overall, the rental market in VCU, Virginia appears to be healthy and growing. With more new listings being added and a steady median rent, it is clear that the rental market is becoming more popular and that prices are increasing. This could be due to the increasing demand for rental properties in the area, as well as the availability of new listings. As the rental market continues to grow, it is likely that prices will continue to increase as well.

Median rent for all residential properties in VCU

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The most expensive listings and top trending buildings in VCU

Most Expensive Listings

AddressRent PriceBed / Bath
939 W Grace St$2,4003 / 2.5
122 S Pine St$2,2503 / 2.0
805 W Cary St$1,6001 / 1.0
805 W Cary St$1,5451 / 1.0
511 N Harrison St$1,4952 / 1.0

Top Trending Buildings

building nameavg rent price
RPM Living LLC$1,573

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Bedroom Breakdown in VCU

Studio
$1,000
MEDIAN RENT
1 Bedroom
$1,572
MEDIAN RENT
2 Bedroom
$1,495
MEDIAN RENT

VCU neighborhood apartments rents

The rental market for studios in VCU, Virginia has remained relatively stable in April 2021, with two new studio listings and a median rent of $1,000, the same as in March 2021. This indicates that the rental market for studios in VCU is not experiencing any significant changes in terms of rent prices, suggesting that the market is relatively stable.

The rental market for 1-bedroom apartments in VCU, Virginia is relatively stable. In July 2023, there were 2 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $1,572, a 1.7% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any significant changes in the short-term, and that the rental prices for 1-bedroom apartments in VCU, Virginia are likely to remain steady in the near future.

The rental market for 2-bedroom apartments in VCU, Virginia is relatively stable. In May 2023, there was only one new 2-bedroom listing, and the median rent for 2-bedroom apartments remained the same as it was in April 2023, at $1,495. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in VCU is $1,450.
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